RyanAir has boasted it can last a year without flying, because it’s so cash rich.
It’s apparently sitting on an operating cash pile of €4 billion, has unused credit lines of €3 billion and has another roughly €8 billion in owned aircraft values it can put up as collateral if it had to.
You might think that an operating cash pile of €4 billion is excessive, but it has huge fuel bills, operates in around 20 currencies and has to pay staff and landing fees at a staggering pace. On top of that it also tends to pay for most of its aircraft in cash.
Either way it underscores the vast income the airline generates and the scale of its operation.